1. An instrument satisfies the conditions in this paragraph if it -

(a) is a financial instrument within paragraph 2, and

(b) satisfies one of the criteria in paragraph 3.

2. A financial instrument comes within this paragraph if it is -

(a) admitted to trading or dealt in on -

(i) a UK regulated market (within the meaning of Article 2(1) (13A) of Regulation (EU) 600/2014);

(ii) an EU regulated market (within the meaning of Article 2(1) (13B) of Regulation (EU) 600/2014 which operates regularly and is recognised and open to the public; or

(b) admitted to official listing on a stock exchange in a country other than the United Kingdom or a Member State;

(c) dealt in on a regulated market (within the meaning of Article 2(1) (13) of Regulation (EU) 600/2014) in a country other than the United Kingdom or a Member State which operates regularly and is recognised and open to the public provided that the choice of stock exchange or market has been approved by the FCA or is provided for in law or the fund rules or the instruments of incorporation of the investment company; or

(d) not admitted to trading.